Business & Economy

PH firms seen going overseas

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Global property consulting firm Jones Lang Lasalle sees large Philippine property developers scouting for more offshore investment opportunities to diversify their portfolio even as prospects remain bright in their home market.

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Asean creates unified economic community

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KUALA LUMPUR, Malaysia -- Thirteen years after mooting the idea, Southeast Asian leaders on Sunday, Nov. 22, formally created a unified economic community in a region more populous and diverse than both the European Union and North America, and one that hopes to compete with China and India.

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Skills gap threatens PH competitiveness in AEC

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Filipino professionals hoping to work in highly technical fields suffer from a significant “skills gap” between their current capabilities and what their prospective jobs require of them - a divide that must be bridged if the country is to take full advantage of the upcoming integration of the Asean region.

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PAL in a good position to expand US flights - Capa

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Flag carrier Philippine Airlines (PAL) is banking future growth on more long-haul international flights, which include a possible fourth United States destination via Chicago with the addition of new planes, regional think tank Capa-Center for Aviation said.

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Change in Thanksgiving weekend spending stumps retailers

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NEW YORK -- U.S. shoppers no longer blow the bulk of their holiday budgets on the day after Thanksgiving known as Black Friday.

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CEOs, business owners savor the week that was

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AYALA CEO Jaime Augusto Zobel de Ayala MARIANNE BERMUDEZ

Big business movers and shakers as well as fast-rising entrepreneurs in the startup scene came together in Manila last week to find ways to better facilitate trade and sustain economic growth despite global uncertainties across the 21 member-economies belonging to the Asia-Pacific Economic Cooperation (Apec).

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Signs of steady US economy: Rising pay and solid job market

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WASHINGTON -- Americans’ pay is up, fewer people need unemployment aid, more are buying new homes and business spending is rebounding.

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ECCP calls for greater innovation in infra sector

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The European Chamber of Commerce of the Philippines has called for more innovation in infrastructure development, for the Philippines to keep up with the needs of its growing population and respond to rapid urbanization and growing challenges related to climate change.

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Andrew Tan’s Emperador buys Spain’s Fundador

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Listed liquor company Emperador Inc. owned by tycoon Andrew L. Tan has acquired Fundador Pedro Domecq, Spain’s largest and oldest brandy, in an “all-cash” deal worth 275 million euros, or P13.8 billion, the Inquirer learned Monday, Nov. 30.

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Third-quarter GDP growth seen at 6.3%

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The Philippine economy likely expanded by 5.8 percent in the third quarter as robust domestic consumption made up for weak external trade, American banking giant Citigroup said.

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